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| The Periodic Billing Statements Payment Due Date is not affected by the current payment status of a loan, as it is with the Monthly Billing Statements. When you run the Monthly Billing Statements Update event, it will produce a Statement for a loan's next scheduled payment date on or after the PriorTransPostDate, whether that payment has been paid, or not. For instance, if you run the Monthly Billing Statements Update event on 1/19, and the PriorTransPostDate was 1/18. The loan’s next scheduled payment date was on 01/20. the Payment Due Date on the statement will be 01/20. Additionally, the Transaction Activity box on the statement will include transactions equal to or greater than the Last Periodic Bill date, if the Monthly Billing Statements Update event is run during Run All, as it should be. That would mean transactions would be from Last Periodic Bill date to PriorTransPostDate (01/18/2016). However, if the Monthly Billing Statements Update event is run during the day, it would include any transaction posted that day. Those same transactions would also appear on the next statement because it was posted on the Last Periodic Bill date. The Monthly Billing Statements Update event should be run during Run All or prior to any payments being applied. | ||||||
ArticleNumber:
000055269